NY-NORSK-TITANIUM

Norsk Titanium (NTi), the world’s first FAA-approved supplier of
aerospace-grade, additive manufactured, structural titanium components,
announced today a major milestone in qualified production. NTi’s
Plattsburgh, New York Development and Qualification Center (PDQC) site
was officially added to Boeing’s Qualified Producers List (QPL) on May 1
and initiated qualified production on May 15 by manufacturing its first
part under the Boeing contract. This milestone is a culmination of
recent company successes including certification under AS9100D and the
October 2017 dedication of PDQC by New York Governor Andrew Cuomo.

“We could not be prouder of our Plattsburgh, New York production
operations as they put another stake in the ground for the continued
success of Norsk Titanium and the state of New York,” said NTi’s Chief
Operating Officer Tamara Morytko. “Receiving this qualification from
Boeing, now qualifying two NTi sites for production across the globe, is
a true vote of confidence in our service, quality and disruptive RPD™
technology.”

PDQC, which currently houses nine of NTi’s proprietary Rapid Plasma
Deposition™ (RPD™) titanium printing machines, is the product of the
partnership between NTi and the state of New York, as well as the
advancement of technology that originated in Norway. The Norwegian
facility, the Engineering and Technology Center, continues to operate
qualified and approved RPD™ Machines. PDQC will produce aerospace
components for Boeing and other aerospace manufacturers.

“Norsk Titanium’s continued expansion in production as well as
facilities is great news for the local economy and the North Country’s
advanced manufacturing sector,” said Empire State Development President,
CEO and Commissioner Howard Zemsky. “The NTi team continues to deliver
on their commitments to this area and we look forward to continued
growth in the future.”

In 2017, Norsk announced its first production order from Boeing
Commercial Airplanes for the manufacture of 3D-printed structural
titanium components for the 787 Dreamliner. This past summer Norsk
announced a 60 percent expansion of the PDQC facility, located less than
a half mile from the future site of the Norsk Titanium Production Center.

While titanium 3D printing has grown over the years, Norsk has developed
breakthrough technology that takes it to the next level. Norsk’s
proprietary RPD™
process uses titanium wire with plasma
torches to print titanium structural components on an industrial scale.
RPD™ has demonstrated it can be used to produce large structural parts
weighing over 100 lbs. RPD™ is also 50-100 times faster than
powder-based systems and uses 25-50% less titanium than incumbent
forging processes. This technology is applicable to aviation, space,
transportation, oil & gas, and maritime.

For more information on NTi, visit norsktitanium.com
.
Norsk Titanium will have a display of its RPD™ technology at the
upcoming Farnborough International Airshow 2018, July 16-20.

About Norsk Titanium AS

Norsk Titanium AS is the world’s pioneering supplier of aerospace-grade,
additive manufactured, structural titanium components. The company is
distinguished in the aviation industry by its patented Rapid Plasma
Deposition™ (RPD™) process that transforms titanium wire into complex
components suitable for structural and safety-critical applications.
Norsk Titanium is a tier-1 supplier to Boeing and is committed to
cost-reducing aerostructures and jet engines for the world’s premier
aerospace manufacturers. RPD™ is the world’s first FAA-approved,
3D-printed, structural titanium, delivering substantial lead-time and
cost savings for aerospace, defense, and commercial customers. www.norsktitanium.com